Water Island Capital, LLC Issues Open Letter to Shareholders of Pattern Energy Group, Inc.
PATTERN ENERGY GROUP INC CL (PEGI)
Last pattern energy group inc cl earnings: 3/2 06:00 am
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US:NASDAQ Investor Relations:
investors.patternenergy.com
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Source: Business Wire
Believes Canada Pension Plan Investment Board’s $26.75 per Share Cash Offer Clearly Undervalues the Company in Light of the Recent Surge in Renewable Energy Company ValuationsExplains That the Only Way for Shareholders to Preserve Their Ability to Receive Full and Fair Value for Their Investment Is by Rejecting the Proposed Merger at the Upcoming Special Meeting Scheduled for March 10, 2020Urges Shareholders to Deny Canada Pension Plan Investment Board and Pattern Energy Group Management the Ability to Reap the Windfall Precipitated by Recent Favorable Market DevelopmentsBelieves Absent the CPPIB Merger, Pattern Energy Stand-Alone Price Would Exceed $30.00 per Share NEW YORK--(BUSINESS WIRE)--Water Island Capital, LLC (“Water Island”), the manager of investment funds beneficially owning 4,010,772 shares of Pattern Energy Group, Inc. (NASDAQ: PEGI) (“Pattern Energy”) common stock, issued an open letter today to Pattern Energy shareholders detailing reasons for rejecting the proposed
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